Business · Markets · 1 hr ago

Adel Abdel-Latif seeks $7.9 million from Dubai investment firm

Adel Abdel-Latif seeks $7.9 million from Dubai investment firm

Swiss entrepreneur and former doctor Adel Abdel-Latif has sued AIX Holding, an investment firm based in Dubai.

He is seeking $7.9 million, and another client of the AIX group has also taken legal action.

Together, the claims are said to total nearly $10 million.

AIX reportedly promised fixed returns in the double-digit percentage range, but payments have apparently stopped.

The firm is reportedly planning a restructuring.

The status of Abdel-Latif’s case is not known.

Sources

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